Day: April 14, 2020

Nefarious Parties Peddled Half a Million Zoom Profiles on Darknet

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Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet.  In darknet and hacking forums, perpetrators are pawning off 500,000 user accounts from the popular internet video conferencing site, BleepingComputer said in an April 13 report. Hackers utilized former leaked information The infiltrators used multiple methods to gain access to the plethora of Zoom accounts. “These credentials are gathered through credential stuffing attacks where threat actors attempt to login to Zoom using accounts leaked in older data breaches,” the report said of…

Major Fintech and Blockchain Backer SoftBank Expected to Lose $12.5 Billion

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SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg. WeWork — $24 billion loss It seems that Vision Fund is the main culprit of the anticipated loss. SoftBank Group announced that it would lose $24 billion, driven by its ill-fated investment in WeWork. On the bright side, the company has a stake in Slack (WORK), which is doing well because of the shift to remote work amid…

World Bank Digs Deeper Into DLT and FinTech for Financial Inclusion

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Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once again emphasized blockchain’s potential for financial inclusion. Issued by the Bank for International Settlements on April 14,the new report from the World Bank Group on “Payment aspects of financial inclusion in the fintech era” outlines a wide number of crypto and blockchain-related concepts like stablecoins and central bank digital currencies (CBDC). In the 70-page report, the bank provided a…

BITCOIN ARBITRAGING PROFIT 20% BITCOIN 2020

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Bitcoin Price Rejects 100-Week MA, So Is the Pre-Halving Pump Over?

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The volatility and volume in the Bitcoin (BTC) markets dropped down over the past week as the price of Bitcoin relatively stabilized. Stabilizing markets with decreasing volatility and volume usually means that spectacular movements will come back to the markets shortly.  However, what should investors expect from the markets over the short-term? The weekly candle closed below the 100-week moving average, which is a strong signal for the bullish/bearish momentum of the markets. Crypto market daily performance. Source: Coin360 Bitcoin’s weekly candle closes below 100-WMA The weekly candle was unable…

Toronto Stock Exchange’s Listing of Bitcoin Fund Can Have a Major Impact on Crypto

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On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As a result of this move, 3iQ has become the first firm to release such an offering commercially on the exchange. Currently trading under the name, “The Bitcoin Fund,” the offering has around 1.5 million Class A “QBTC.U” shares available on the Toronto Stock Exchange, or TSX. At press time, each share is trading…

Bitcoin Nears $7,000 Again in Quick 7% Recovery, Following S&P 500

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Looking at the chart below, it’s fair to say that Bitcoin has been on a rollercoaster over the past week. After trading as high as $7,470 last week, the cryptocurrency plunged, first to $6,900, then to $6,550 in a second wave. From the highs, BTC was down 13%. But, over the past 36 hours, Bitcoin has mounted a quick recovery, trading at $6,940 as of the time of this article’s writing — 6% higher than the recent lows and just shy of the key psychological resistance at $7,000. Analysts are…